German bank considers selling part of its stake in Peel Ports
According to reports Deutsche Bank is considering selling part of its stake in Peel Ports, in a deal that could value the Merseyside company at £4bn.
According to the Sunday Times DWS, the German bank’s asset management arm, is considering the sale of a 15% stake in the firm which runs the Port of Liverpool.
The bank has owned just under half of Peel since 2006.
It bought the share from Manchester property tycoon John Whittaker in a deal that at the time valued the business at about £1.6bn.
Peel handles more than 60m t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...